Thursday, November 28, 2024

Joint statement of Renovate America, Ygrene Energy Fund, and Renew Financial – the nation’s leading Property Assessed Clean Energy [PACE] providers – on the Economic Growth, Regulatory Relief, and Consumer Protection Act introduced today

Joint statement of Renovate America, Ygrene Energy Fund, and Renew Financial – the nation’s leading Property Assessed Clean Energy [PACE] providers – on the Economic Growth, Regulatory Relief, and Consumer Protection Act introduced today

OPEC Cuts Will Bring Crude Oil into Balance in 2017: UBS

Transportation Costs Widen WTI-Brent Spread

Spread has doubled since July The spread between WTI and Brent prices has been rising in recent months, in a trend that is not likely to reverse soon. WTI is currently trading at $55.21/bbl while Brent is at $61.50/bbl, a spread of $6.29/bbl. This spread is lower than the $6.99 reached at the end of October, but is still significantly

E&P Bankruptcies Slow, Service Companies Feel the Squeeze

68 2017 bankruptcies, $33.4 billion in debt Energy attorneys Haynes and Boone have released the firm’s updated list of oil and gas bankruptcies, detailing how the continuing downcycle has affected companies. The list records all oil and gas industry bankruptcies in E&P, oilfield service and midstream companies since 2015. In total, Haynes and Boone lists 310 different bankruptcies, from companies

North Dakota Production

North Dakota Producing Wells Keep Rising

Seventh straight month of record well counts The North Dakota Industrial Commission has released its latest Oil and Gas Production Report, outlining hydrocarbon activity in the state for September 2017. Oil production rose in September reaching 1,107 MBOPD, from 1,089 MBOPD in August. 1,054 MBOPD of this production comes from the Bakken and Three Forks formations, while only 5% comes

Russia

Rosneft board approves oil deal with China’s CEFC

From Reuters Russia’s Rosneft has approved a 2018 deal to supply CEFC China Energy about 12 million tonnes of crude oil as part of the Chinese firm’s $9.1 billion investment in the Russian oil major, a Chinese source with direct knowledge of the matter said on Thursday. Of the total supply, CEFC expects to receive 8 to 10 million tonnes